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The closing agent, usually a title company representative, presents all documents to the parties, obtains signatures, and delivers evidence that the title is ensured. Contracts signed include the sales agreement, mortgage loan commitment, and title insurance contract.

In the motion picture/TV/new media business, a chain of title is the documentation that establishes proprietary rights in a film/project. You cannot sell a film without it. A chain of title is the sequence of historical transfers of title to a property.

The property might have ?Chain of Titles?. The Attorney has to see whether there is any Encumbrance on the property. Sometimes a Legal Heirship Certificate is also essential to determine the Title of the Property if there is more than one person as the owner of the property.

This Contract for Deed should be submitted along with a Certificate of Value containing the name and address of the buyer and seller, the legal description of the real property, the actual consideration exchanged for the real property, the relationship of the seller and buyer, if any, and the terms of the payment if ...

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

If you're asking whether you need a lawyer to draft a contract, legally, the answer is no. Anyone can draft a contract on their own and as long as the elements above are included and both parties are legally competent and consent to the agreement, it is generally lawful.

Tips for creating a contract Define the terms of the agreement. Be as specific as possible about what each party is agreeing to do. ... Make sure both parties understand the terms of the agreement before signing. ... Get everything in writing. ... Keep it simple. ... Be prepared to negotiate.

The main purpose of real estate closing is to ensure that all parties involved are legally protected and that the sale goes through as planned. A closing attorney is responsible for planning and monitoring a real estate transaction's closing and completing the proper documentation.

The title insurance representative is responsible for the title search and for providing the buyer with proof of title. Most title representatives will also help prepare the parties, but that responsibility rests with the agents representing them.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.